Stocks finish flat
Indices on the Dhaka Stock Exchange closed nearly flat yesterday as the benchmark index rose marginally.
The DSE General Index gained 2.29 points, or 0.08 percent, to 2765.45 points, while the DSE All Share Price Index increased 3.25 points, or 0.13 percent, to 2369.11 points.
Although the market witnessed a slight upward trend, low turnover and declining prices in most securities showed that the investors were yet to regain confidence, shaken by the nine-week slump with occasional ups.
Total turnover on the premier bourse came down to Tk 246.10 crore from the previous day's Tk 302.91 crore. Of the 225 issues traded, 100 gained and 115 declined and 15 held steady.
Some operators, however, expressed doubt that the past six days' upward trend was mainly due to a series of meetings between the market regulator and the leading merchant banks and brokerage houses.
The investors, especially the retailers, had expected a good outcome from the meetings that began last week and continued until last Tuesday.
But the operators said that neither the Securities and Exchange Commission nor the merchant bankers and brokerage houses had revealed any news on the meetings.
An SEC official said the commission would disclose the outcome of the meetings after completing the series of talks with the leading merchant banks and brokerage houses.
Total market capitalisation rose to Tk 96,343.05 crore from the previous day's Tk 96.238.46 crore.
Yesterday's top ten turnover leaders were Titas Gas, Beximco Pharma, Islami Bank, Beximco Limited, AB Bank, Square Textiles, Square Pharma, Lanka Bangla Finance, Prime Life Insurance and Uttara Bank.
Titas Gas, the state-run gas distribution and transmission company, topped the turnover leaders with 7,74,600 shares worth Tk 28.61 crore.
Chittagong stocks also closed down slightly yesterday. The CSE Selective Categories Index fell 0.09 percent to 5609.41 points. The CSE All Share Price Index declined 0.08 percent to 8593.38 points.
A total of 29,70,041 shares worth Tk 40.64 crore changed hands on the port city bourse. Of the 141 issues traded, 51 gained, 82 declined and eight remained unchanged.
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